Wix Stock Soars as Q1 Earnings Crush Expectations: 5 Key Takeaways

Wix earned $24 million, 41 cents per share fully diluted, on revenue of almost $420 million during the quarter. Israeli website creator Wix (NASDAQ:WIX) beat earnings estimates, sending WIX stock up 20%. WIX stock opened today at $150 per share, a market cap of over $8 billion. That means shares are now up 27% for 2024. Wix competes with Squarespace (NASDAQ:SQSP), Shopify (NASDAQ:SHOP) and WordPress, among others. Website Builder rates it 4.9 out of 5, praising its diverse set of features and intuitive edit ...